Al-'Aqar Healthcare Real Estate Investment Trust ("Al-'Aqar Healthcare REIT" or "Trust") was established on 28 June 2006 pursuant to a trust deed ("Deed") entered into between Damansara REIT Managers Sdn Berhad ("DRMSB" or "Manager") and AmanahRaya Trustees Berhad ("Trustee"). Al-'Aqar Healthcare REIT has been listed on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") since 10 August 2006.
The Board of Directors of DRMSB ("Board") is firmly committed to ensuring that the Manager implements and operates good corporate governance practices in its management of the Trust. In developing its system of corporate governance, the Directors have been guided by the measures set out in the Guidelines on Real Estate Investment Trusts issued by the Securities Commission ("REIT Guidelines"), the Listing Requirements of Bursa Securities ("Listing Requirements") and the Malaysian Code on Corporate Governance ("Code").
Al-'Aqar Healthcare REIT is managed and administered by the DRMSB, who has the primary objectives of:
The objectives are sought to be achieved by optimizing the performance and enhancing the overall quality for a large and geographically diversified portfolio of Syariah-compliant real estate assets through various permissible investment and business strategies.